If production of an item results in negative external costs, Ask an Expert

Economics

If production of an item results in negative external costs, then the market price is below the socially referred price that reflects the external costs the market price is above the socially preferred price that reflects the external costs market forces will always correct the problem the market quantity is too low from society's point of view

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91371019

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